Peoples Bancorp Q3 profit rises to $32.6 million

• Peoples Bancorp reported third-quarter 2026 net income of $32.6 million, exceeding both the previous quarter and the year-earlier period, while diluted earnings increased to $0.91 per share.
• Net interest income reached $93.8 million, and net interest margin improved to 4.31% from 4.23%, supported by a lower provision for credit losses.
• Peoples is pursuing the acquisitions of Citizens National Corporation for approximately $76.6 million and Capital Bancorp for approximately $728.1 million, subject to applicable closing conditions.

Peoples Bancorp (NASDAQ:PEBO) reported third-quarter 2026 net income of $32.6 million, with diluted earnings of $0.91 per share.

Diluted earnings increased from $0.78 in the second quarter and $0.83 a year earlier, while credit-loss provisions declined sequentially.

The improvement coincided with higher net interest income and a wider lending margin, although noninterest expenses also increased during the quarter.

Net interest income reached $93.8 million, net interest margin rose to 4.31%, and the provision for credit losses declined to $3.6 million.

Meanwhile, Peoples is pursuing approximately $804.7 million in combined announced acquisition consideration, although the transactions remain subject to their respective closing requirements.

Elsewhere, mnninterest income excluding net gains and losses increased $1.5 million sequentially, while noninterest expenses rose $1.8 million and transaction-related losses totaled $4.8 million.

Headquartered in Marietta, Ohio, Peoples provides banking, insurance, investment and specialty financing services, with its acquisition strategy extending its regional banking operations.